45 Lakh Home Loan Canara Bank

Why pay rent when you can own a home with a Canara Bank home loan? Have you ever longed to paint your walls in any colour you choose? Owning a home is a big financial goal for many, and you may have been dreaming about it for years. However, a Canara Bank 45 lakh home loan could be more than enough to achieve your homeownership dreams, featuring lower interest rates, minimal processing fees, no repayment charges, and a complimentary credit card. To make your dream come true, Urban Money provides a comprehensive overview of the 45 Lakh home loan EMI with Canara Bank, including eligibility criteria, required documents, associated fees, and more. Keep scrolling down to learn more.

45 Lakh Home Loan Canara Bank – Highlights 

Canara Bank’s home loan interest rate for 45 lakh and other key parameters are as follows: 

45 Lakh Home Loan EMI for 10 Years Canara Bank 

45 lakh home loan EMI for 10 years with Canara Bank is as follows:

45 Lakh Home Loan EMI for 20 Years Canara Bank 

45 Lakh home loan EMI for 20 years Canara Bank is as follows:

45 Lakh Canara Bank Home Loan – Fees and Charges 

Let’s examine the applicable fees and charges, in addition to Canara Bank housing loan EMI for 45 Lakh:

45 Lakh Canara Bank Home Loan – Documents Required 

Let’s examine the required documents for a 45 Lakh home loan EMI with Canara Bank:

• Identity Proof: Aadhaar card, PAN card, driver’s license, passport, voter ID card, etc.
• Address Proof: Driver’s license, voter ID card, electricity bill, telephone bill, etc.
• Salaried Individuals: Last 6-month bank statement, last 3-year IT returns, and recent salary slip. 
• Self-employed individuals: The last 3-year balance sheet, profit & loss account, ITR/ITAO certificate, bank statement, and business proof.

45 Lakh Canara Bank Home Loan – Eligibility Criteria

45 Lakh home loan eligibility in Canara Bank is as follows: 

• Age Limit: You must be aged between 21 and 60 years old.
• Employment Type: You must be either salaried or a self-employed individual.
• Employment Experience: You must have at least 2 years of working experience or business continuity. 
• Income Requirement: You must receive a loan amount of up to 72 times your last drawn monthly gross salary or 6 times your annual gross business income.
• Credit Score: You must have a positive repayment history and a good credit score; typically, a score of 700 or above is considered ideal.
• Residential Status: You must be a Resident Indian (RI) or Non-resident Indian (NRI).